CAABChestermereRainbow Falls392 Rainbow Falls Way

392 Rainbow Falls Way, Chestermere, AB

House

For Sale

Listed price in listed location currency (CAD).

$959,000

446

MLS® A2293151

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 2286 sqft

Garage Yes

Taxes

Days Active 9

Lot Size 0.14 acres

Approx. Age 2004

Avg. Price Per Sqft $419

MLS® Number A2293151

Property Address: 392 Rainbow Falls Way, Chestermere, AB, T1X1S6

Average square foot calculated using Size range provided by listing agent.

Description

OPEN HOUSE Sat. Mar. 14 12:00-2:00 ---Luxury canal-front living with a private backyard resort in Rainbow Falls. Tucked away on a quiet street and backing directly onto the scenic canal pathways, this beautifully maintained original-owner home offers a lifestyle that is rarely available in Chestermere. The south-facing backyard is a true retreat, featuring a low maintenance, heated outdoor pool (16x30) with a hard locking safety cover, hot tub, expansive patio, sunroom, fenced dog run, and large side yard — all perfectly positioned to take in the peaceful canal views. A private gate provides direct access to the pathway system and the lake just a short walk away. Inside, the home welcomes you with a large entrance and bright front office, ideal for working from home. The open concept main floor is designed for entertaining with a spacious living room, gas fireplace, and a stunning kitchen featuring quartz countertops, a large gathering island, gas stove, walk-through pantry, and a dining area overlooking the pool and canal. Upstairs, the impressive vaulted bonus room with oversized windows creates a perfect family gathering space. The primary retreat is truly special, with corner windows capturing beautiful canal views, a walk-in closet, and a spa-inspired 5-piece ensuite. Two additional bedrooms complete the upper level. The fully finished basement provides additional living space with a fourth bedroom, full 4pce bath and a flexible workshop/office area. For car lovers or hobbyists, the heated quad attached garage (tandem bay) includes 240V wiring, hot and cold water sink with a dedicated hobby space. Extensive upgrades include triple-pane windows, Hunter Douglas blinds with room-darkening shades, air conditioning, Hardy board siding, Class 4 impact resistant shingles, commercial 6" eaves, Gemstone Lights and fresh paint throughout the entire home. This is a rare opportunity to own a canal-front home with a private pool and resort-style backyard in one of Chestermere’s most sought-after communities.

MLS® NumberA2293151

Laundry LevelMain Level

Central VacNo

FireplaceNo

Acreage0.14

Exterior

GarageYes

Approx. Age2004

BasementFull

Driveway220 Volt Wiring, Garage Door Opener, Heated Garage, Insulated, Quad or More Attached, Tandem, Workshop in Garage

Garage Spaces4

Heat

A/C

Heating Fuel

Extras

N/A

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 13, 2026List Date

$959,000List Price

Home Appraisal

This property is estimated to sell between: $785,000 and $1,046,000.

Similar properties in this area sold on average for: $785,472

Expected to sell in 54 days. Similar properties sold in 63 days. This home has been on eXp Realty for 9 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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